Chewy Correlations

CHWY Stock

USD 37.68 0.29 0.76%

The current 90-days correlation between Chewy Inc and Sea is 0.26 (i.e., Modest diversification). The correlation of Chewy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Chewy Correlation With Market

Average diversification

The correlation between Chewy Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chewy Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chewy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Chewy Stock

0.68	JL	J Long Group Upward Rally	Pair Corr
0.77	DDS	Dillards	Pair Corr
0.67	JWN	Nordstrom	Pair Corr
0.66	GLBE	Global E Online	Pair Corr
0.72	MOGU	MOGU Inc	Pair Corr

Moving against Chewy Stock

0.76	GES	Guess Inc	Pair Corr
0.67	LE	Lands End	Pair Corr
0.65	KSS	Kohls Corp	Pair Corr
0.6	VSCO	Victorias Secret	Pair Corr
0.48	BGI	Birks Group	Pair Corr
0.46	M	Macys Inc	Pair Corr
0.42	BBY	Best Buy	Pair Corr
0.4	BQ	Boqii Holding Limited	Pair Corr
0.4	GPC	Genuine Parts	Pair Corr
0.37	DIT	AMCON Distributing	Pair Corr
0.85	SCVL	Shoe Carnival	Pair Corr
0.82	ZUMZ	Zumiez Inc	Pair Corr
0.74	LVLU	Lulus Fashion Lounge	Pair Corr
0.6	BC	Brunswick	Pair Corr
0.6	SG	Sweetgreen	Pair Corr
0.53	F	Ford Motor Aggressive Push	Pair Corr
0.5	WING	Wingstop Earnings Call This Week	Pair Corr
0.42	PETS	PetMed Express	Pair Corr
0.32	CPNG	Coupang LLC	Pair Corr

Related Correlations Analysis

	SE	W	MELI	PDD	ETSY	OSTK	FTCH	JD	BABA	VIPS
SE		0.49	0.54	0.39	0.24	0.0	0.0	0.67	0.7	0.64	SE
W	0.49		0.05	-0.2	0.73	0.0	0.0	0.43	0.07	0.18	W
MELI	0.54	0.05		0.52	0.01	0.0	0.0	0.41	0.59	0.5	MELI
PDD	0.39	-0.2	0.52		-0.22	0.0	0.0	0.6	0.79	0.77	PDD
ETSY	0.24	0.73	0.01	-0.22		0.0	0.0	0.25	0.04	0.03	ETSY
OSTK	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OSTK
FTCH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FTCH
JD	0.67	0.43	0.41	0.6	0.25	0.0	0.0		0.71	0.85	JD
BABA	0.7	0.07	0.59	0.79	0.04	0.0	0.0	0.71		0.85	BABA
VIPS	0.64	0.18	0.5	0.77	0.03	0.0	0.0	0.85	0.85		VIPS
	SE	W	MELI	PDD	ETSY	OSTK	FTCH	JD	BABA	VIPS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VIPS	+ 0.85	JD
VIPS	+ 0.85	BABA
BABA	+ 0.79	PDD
VIPS	+ 0.77	PDD
ETSY	+ 0.73	W
BABA	+ 0.71	JD

High negative correlations

ETSY	- 0.22	PDD
PDD	- 0.2	W
VIPS	- 0.0	FTCH
BABA	- 0.0	FTCH
JD	- 0.0	FTCH
VIPS	- 0.0	OSTK

Risk-Adjusted Indicators

There is a big difference between Chewy Stock performing well and Chewy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Chewy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SE	1.76	0.57	0.35	1.60	1.29	(2.16)	4.64	(2.50)	14.60
W	2.70	0.42	0.12	0.35	3.19	(2.96)	6.50	(5.07)	19.49
MELI	1.70	0.19	0.09	0.40	1.87	(1.90)	3.92	(2.94)	10.05
PDD	2.17	0.12	0.04	2.41	2.93	(2.44)	5.30	(5.29)	16.41
ETSY	1.81	0.12	0.05	0.18	2.15	(2.00)	4.46	(3.13)	13.56
OSTK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JD	2.41	0.16	0.06	0.19	2.70	(2.73)	5.22	(4.12)	15.67
BABA	1.91	0.45	0.23	1.52	1.64	(2.22)	6.22	(3.00)	11.23
VIPS	1.97	0.17	0.08	0.20	1.97	(2.50)	3.89	(4.01)	15.79

Chewy Corporate Management

Lisa Sibenac	Director	Profile
Sharon McCollam	Independent Director	Profile
Orlena Yeung	Chief Officer	Profile
David Reeder	Chief Officer	Profile
Brian McAndrews	Independent Director	Profile
Shivakumar Menon	Principal Care	Profile

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